Georgia § 20-3-608 - Advance tuition payment fund; expenditure of trust assets.
Full text of Georgia Official Code of Georgia Annotated § 20-3-608 — Advance tuition payment fund; expenditure of trust assets., with citation guidance and answers to common questions.
§ 20-3-608. Advance tuition payment fund; expenditure of trust assets.
There is created under the jurisdiction and control of the board and within the trust an advance tuition payment fund. Payments received by the trust from purchasers on behalf of qualified beneficiaries or from any other source, public or private, shall be placed in the fund. The fund may be divided into separate accounts. Assets of the trust, including the fund, shall not be considered state moneys or revenues of the state and shall not be governed by Article III, Section IX or Article VII, Section III of the Constitution. Unless otherwise provided by resolution of the board, assets of the trust shall be expended in the following order of priority: To make payments to state institutions of higher education on behalf of qualified beneficiaries; To make refunds upon termination of an advance tuition payment contract; and To pay the costs of organization, administration, and operation of the trust and the fund. (Code 1981, § 20-3-608 , enacted by Ga. L. 1990, p. 1448, § 1.)
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 20-3-608
What does Official Code of Georgia Annotated § 20-3-608 cover?
Section 20-3-608 ("Advance tuition payment fund; expenditure of trust assets.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Georgia § 20-3-608?
A common citation format is "Official Code of Georgia Annotated § 20-3-608" (Georgia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 20-3-608 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Georgia.